Coinswitch Kuber

India probing ‘several’ crypto cases for money laundering, seizes over $115 million

India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, t

India’s crypto tax pushing traders to foreign exchanges

India’s tax rules on crypto, which went into effect last April, have resulted in local exchanges ceding the lion’s share of the market to those operated by foreign players, according to a new repo

Binance chief says crypto exchange doesn’t see viable business in India

Scores of crypto-focused venture capital firms have raced to India in the past two years, hoping to turn the world’s second largest internet market’s large developer community into a key w

CoinDCX launches platform to make DeFi apps accessible to masses

The complex onboarding and user experience is the price people pay to use decentralized apps — and it’s also one of the reasons most are not using those services. A top Indian crypto exchange

India alleges a16z-backed CoinSwitch violated forex laws, searches offices

India’s financial crime-fighting agency conducted searches at multiple premises of the Bengaluru-headquartered CoinSwitch Kuber on Thursday, alleging the crypto exchange startup violated forex l

Top Indian tech advocacy group drops crypto over regulatory uncertainty

The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation. Internet and Mobile Associati

Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million funding

CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expan

Coinbase makes India push with support for UPI payments

Coinbase is beginning to add support for payment instruments UPI and IMPS in India, making its crypto exchange broadly functional in the world’s second largest internet market for the first time in

India won’t allow offsetting loss on one crypto with profit from another

India’s proposed taxation law of virtual digital assets won’t permit individuals to offset loss on one asset against profit from another, the Ministry of Finance said Monday in a move that the hea

India eyes prohibiting irresponsible crypto ads

The Indian government “strongly feels” that advertisements by cryptocurrency exchanges that promise customers wild profits and are not transparent about the volatile nature of such trading must be

a16z backs CoinSwitch Kuber in first India investment

Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. The two firms have co-led a $260 million investment in the Bangalore-based cryptocurrency trading startu

A16z in talks to back CoinSwitch Kuber in first India investment

A16z is inching closer to making its first investment in a startup in India, the world’s second-largest internet market that has produced over two dozen unicorns this year. The Menlo Park-headqu

Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation

Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the

Tiger Global backs Indian crypto startup at over $500M valuation

CoinSwitch Kuber, a startup that allows young users in India to invest in cryptocurrencies, said on Thursday it has raised $25 million in a new financing round as it looks to expand its reach in India